The Real Deal New York

Safra family’s real estate arm buys Soho building for $24M

The real estate family office for the Safra family has purchased a mixed-use Soho building for $23.5 million, property records show.

The building at 13 Prince Street stands five stories tall with 20 apartments and three commercial units. JSRE Acquisitions purchased it from 224 Enterprises Inc., which is controlled by John Wai.

Representatives from JSRE did not respond to a request for comment.

JSRE and Sitt Asset Management previously purchased a mixed-use Soho building in 2014 at 145 Spring Street for $26 million. The company is also planning a six-story development at 1042 Madison Avenue on the Upper East Side, according to YIMBY.